SIP Calculator
What is SIP?
SIP (Systematic Investment Plan) is a method of investing a fixed sum regularly in a mutual fund scheme. It helps in building wealth over time by investing small amounts periodically.
How to Use This Calculator
To use this SIP calculator, enter the monthly investment amount, the expected annual return rate, and the investment period in years. Click on the "Calculate" button to see the estimated future value of your investments.
Start Your Investment Journey
Investing through SIP is easy and convenient. It helps in disciplined investing and averaging the cost of investment. Start your investment journey by selecting an appropriate mutual fund scheme and setting up a SIP with your bank or investment platform.
FAQs
What is a SIP?
A Systematic Investment Plan (SIP) is a method of investing a fixed amount regularly in a mutual fund scheme. It helps in building a substantial corpus over time.
How does a SIP work?
In a SIP, a fixed amount is deducted from your bank account at regular intervals (monthly, quarterly, etc.) and invested in a mutual fund scheme of your choice.
What are the benefits of SIP?
SIP helps in disciplined investing, averaging the cost of investment, and compounding returns over time.
Can I change the SIP amount?
Yes, you can increase or decrease your SIP amount, but this process may vary depending on your investment platform or fund house.